Rouse v. Commissioner
United States Tax Court
Petitioner and his wife, domiciled in Texas, entered into an agreement pending divorce proceedings whereby petitioner acquired for $ 60,000 the wife's interest in community property having a value of approximately $ 45,000 and separate property of wife having value of $ 27,000. Held, the basis to petitioner of the property so acquired is $ 60,000 and not the original cost to the community.
1Opinion of the Court
C. C. Rouse, Petitioner, v. Commissioner of Internal Revenue, Respondent
Rouse v. Commissioner
Docket No. 6692
United States Tax Court
6 T.C. 908; 1946 U.S. Tax Ct. LEXIS 206;
April 30, 1946, Promulgated
Decision will be entered for the respondent.
Petitioner and his wife, domiciled in Texas, entered into an agreement pending divorce proceedings whereby petitioner acquired for $ 60,000 the wife's interest in community property having a value of approximately $ 45,000 and separate property of wife having value of $ 27,000. Held, the basis to petitioner of the property so acquired is $ 60,000 and not…
2Cases cited9 opinions
- Poe v. SeabornSupreme Court of the United States · 1930
- Arnold v. LeonardTexas Supreme Court · 1925
- Hopkins v. BaconSupreme Court of the United States · 1930
- Wright v. Hays' Adm'rTexas Supreme Court · 1853
- Johnson v. United StatesCourt of Appeals for the Ninth Circuit · 1943
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